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Share Name Share Symbol Market Type Share ISIN Share Description
Seplat Energy Plc LSE:SEPL London Ordinary Share NGSEPLAT0008 ORD NGN0.50 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 97.60 96.20 97.60 97.60 95.00 95.00 63,428 15:19:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 388.0 -58.7 -9.5 - 550

Seplat Energy PLC Subsidiary's US$50 Million Offtake Facility

19/07/2021 7:00am

UK Regulatory (RNS & others)


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RNS Number : 5700F

Seplat Energy PLC

19 July 2021

Seplat Energy Plc ("Seplat" or "the Company")

Subsidiary's US$50 million Offtake Facility

Lagos and London - July 19, 2021: Seplat Energy Plc ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces that its wholly owned subsidiary, Westport Oil Limited, has successfully raised a US$50 million offtake linked reserved based lending facility due April 2027 (the "Offtake Facility"). The Offtake Facility is subordinated to the US$110 million senior reserve based lending facility (the "RBL"). The Offtake Facility carries initial interest of Libor + 10.5% payable semi-annually and is scheduled to commence repayment from March 2023.

- ENDS -

Enquiries:

 
 Seplat Energy Plc                                             +234 1 277 0400 
 Emeka Onwuka, Chief Financial Officer 
  Chioma Nwachuku, Director, External Affairs 
  & Sustainability 
  Brian Marcus, Head of Corporate Finance 
  Carl Franklin, Head of Investor Relations 
  Ayeesha Aliyu, Investor Relations 
 FTI Consulting 
 Ben Brewerton / Sara Powell / Christopher Laing     +44 (0) 203 727 1000 
                                                      seplat@fticonsulting.com 
 
 

Notes to editors

Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Premium Board of the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).

Seplat is pursuing a Nigeria-focused growth strategy and is well positioned to participate in future asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company website, http://seplatpetroleum.com/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

July 19, 2021 02:00 ET (06:00 GMT)

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